Ali Velshi - cheerleader extraordinaire - said that we just must have a $700,000,000,000 bailout, so it must be the truth, right? Well, if it's so wonderful, then why stop there? Why not go for a cool $1,000,000,000,000 or even $2,000,000,000,000? The answer is that it will all cause much more inflation, i.e. higher prices.
Ali also said that this is a time to put aside principles - as in a principled opposition to a bailout. Well, he doesn't have to worry there. Most politicians haven't had one since high school.
Monday, September 29, 2008
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